At its 25 October monetary policy meeting, the Bank of Canada (BoC) left the target for the overnight rate unchanged at 1.00%, which was broadly expected by market analysts. The Central Bank stated that ?there is considerable policy stimulus in Canada?, reiterating its dovish stance and allaying the possibility of further rate cuts. The Central Bank quoted increasing risk aversion in the financial markets, as well as the deteriorating economic outlook in the Eurozone as the main factors behind Bank's decision. Monetary authorities have maintained rates unchanged since September 2010. Turning to the domestic economy, the Bank stated that ?economic momentum has slowed and is expected to remain modest through the middle of next year.? The Central Bank also stressed that it expects inflation to remain within target over the medium term as both upside and downside risks to inflation are ?roughly balanced over the projection horizon.?
Canada Monetary Policy
Canada?s Central Bank remains dovish
October 25, 2011
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Canada Economic News
October 21, 2016
In September, seasonally-adjusted consumer prices increased 0.2% from the previous month, which contrasted the 0.1% decrease recorded in August and marked the highest print in three months.
October 19, 2016
At its 19 October policy meeting, the Bank of Canada (BoC) decided to maintain its target for the overnight rate at 0.50%, despite a weaker inflation and growth outlook.
October 11, 2016
The Teranet-National Bank National Composite House Price index rose 0.7% in September from the previous month, which followed the 1.5% increase in August.
October 8, 2016
Seasonally-adjusted annualized housing starts registered 220,600 units in September, according to the government-owned Canada Mortgage and Housing Corporation (CMHC).
October 7, 2016
The Ivey Purchasing Managers’ Index (PMI), sponsored by the Richard Ivey School of Business and the Purchasing Management Association of Canada, increased a seasonally-adjusted 6.1 points in September, rising from 52.3 in August to 58.4.